Business Topics

Apr 17, 2014

Nikkei's early gains erased by profit-taking

Tokyo stocks finished almost flat Thursday, failing to sustain earlier gains due to profit-taking after a sharp rise the day before. The 225-issue Nikkei average ended down 0.15 point at 14,417.53 while the Topix index of all first-section issues on the Tokyo Stock Exchange ...

Apr 16, 2014

Dollar tops ¥102 on stock surge

The dollar topped ¥102 in Tokyo trading Wednesday, assisted by a surge in Tokyo stock prices and favorable Chinese economic data. At 5 p.m., the dollar stood at ¥102.21-25, up from ¥101.79-80 at the same time Tuesday. The euro was at $1.3844-3845, up from ...

Apr 16, 2014

Stocks soar; Nikkei retakes the 14,000 mark

Stocks surged Wednesday on the heels of higher U.S. equities overnight, with the benchmark Nikkei average closing well above the psychologically important 14,000 line. The 225-issue Nikkei average ended up 420.87 points, or 3.01 percent, at 14,417.68, the first finish above 14,000 in four ...

Apr 15, 2014

Tokyo stocks rebound on higher U.S. equities

Stocks rebounded Tuesday from their recent rout, buoyed by higher U.S. equities and the yen’s weakening, but their topside was capped by a lack of fresh buying incentives. The 225-issue Nikkei average ended up 86.65 points, or 0.62 percent, at 13,996.81, after two days ...

Apr 15, 2014

Dollar top-heavy above ¥101.50

The dollar was firmer above ¥101.50 in Tokyo trading Tuesday, but failed to chase higher ground, pressured chiefly by profit-taking. At 5 p.m., the dollar stood at ¥101.79-80, up from ¥101.59-61 at the same time Monday. The euro was at $1.3800-3802, down from $1.3850-3852, ...

Apr 14, 2014

Nikkei loses further ground due to sluggish heavyweights

The Nikkei average lost further ground on the Tokyo Stock Exchange Monday, with buybacks after its tumble last week overshadowed by the weakness of index heavyweights such as Fast Retailing and SoftBank. The 225-issue Nikkei ended down 49.89 points, or 0.36 percent, at 13,910.16. ...

Apr 14, 2014

Dollar moves tightly around ¥101.50

The dollar traded in a narrow range around ¥101.50 in Tokyo trading Monday in a session dominated by a wait-and-see mood in the absence of fresh trading incentives. At 5 p.m., the dollar was at ¥101.59-61, down from ¥101.72-73 the same time Friday. The ...

Apr 14, 2014

Bourses scrap disclosure reforms

Japan Exchange Group Inc. has decided to scrap a plan to adopt tougher disclosure rules, saying the nation’s companies are getting better at communicating with investors on their own. The exchange will seek clearer comments on an individual basis and keep track of companies’ ...

Apr 10, 2014

Greenback stays below ¥102 line

The dollar stayed weak below ¥102 in Tokyo trading Thursday, weighed down by sluggish stock prices in Japan. At 5 p.m., the greenback was quoted at ¥101.72-74, down from ¥101.98-98 at the same time Wednesday. The euro stood at $1.3858-3859, up from $1.3803-3803, and ...

Apr 10, 2014

Futures-led selling sees Nikkei shed early gains

Stocks closed almost unchanged on the Tokyo Stock Exchange on Thursday, with early gains after four days of losses wiped out by futures-led selling in the afternoon. The Nikkei 225 ended up 0.43 point at 14,300.12. The Topix inched down 0.95 point to close ...

Apr 9, 2014

Dollar easier below ¥102 line

The dollar stayed mostly below ¥102 in Tokyo trading Wednesday after diving to a three-week low around ¥101.50 in New York overnight on receding hopes for fresh monetary easing measures by the Bank of Japan. At 5 p.m., the dollar was quoted at ¥101.98-98, ...